St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-18
YESTERDAYS MARKET.
On the Chicago Board of Trade Wheat
Was Somewhat Quieter and
Firmer.
There Was No News of Any Significance,
and Dealing Was of Local
Character.
Receipts Were Larger. and Estimated
Arrivals Show Some In
crease.
Transactions in the Financial Circles
of Wall Street---General
Quotations.
Special to the Globe.

CHICAGO, March I7.-May wheat advanced
to-day and closed at size. This strength
was altogether without aid from the bull
clique and was mainly on the large export
movement i'll New York. The feature Of the
day was the advance of the surrounding mar
ketS which are daily coming up toward their
natural relative positions with this market.
New York was lU$4c above us to-day, nearly
the natural spread st. Louis also advanced.
kerShaw was large buyer at Milwaukee this
afternoon. Corn closed steady at Ace, May
lard ut $50, May ribs ut 81 %. Chicago OPP
orators affect great contempt for Cincinnati
and Cincinnati ways, but they are certainly
allowing the ancient city of pork packing 10
set the pace each day in the wheat trade.
When the brokers who are supposed to repre-
seEt the Cincinnati clique bid for wheat the
price goes up, and goes up very easily and
very quiet When the same traders stand
around and do nothing, the price goes Off
slowly. When they sell, the figures cannot
go downfast enough. 1t is not any exags era
ton at all 10 say that the Chicago wheat mar
ketS have been
COMPLETELY SURRENDERED
by the men who are supposed to run them,
and are being operated by strings which are
pulled by people in bank in the city at the
other end OF the Big A. railroad. May
wheat opened ut S034c and then slid back TO
SG3sc, because the clique was not buying.
by W. L. Baker Il Co., and Robert Warren u
Co.. YESTERDAY, were for the same interest,
which is proof that there are now so many
commission houses doing clique business that
the crowd can't any longer keep track of its
operations. The large clearances at New
Iork, 326,0O0 bushels, brought d good
deal of New York buying to this
market, and the price was easily advanced
above Sic without any evidence of manipula-
ton at all. The up-turn was so easy and so
rapid on the little bit of bull news that it
caused the comment to be heard everywhere,
that if the Cincinnati bulls were only sensi-
BILE enough to sit perfectly still and not make
themselves offensive, but allow the market
to take care Of itself, an advance might easily
be engineered here, all their wheat sold at Il
profit and nobody be the wiser. John Cud-
ahy said II didn't know what to make of
wheat. | am altogether out of wheat for the
first time in two or three years, and am now
waiting for something to decide the market.
The only thing know about the present bull
clique is that it is not Armour. l don't be-
Neye he has anything TO do with the ad'
vance"
THE ROUTINE REPORT.
CHICAGO, March 1.-THE wheat market
was quiet to-day and tirmer. There was no
news Of any significance, and trading during
most of the session was of a local character,
few outside orders being received. May
opened at S0@sc, fell off to S014c, but good buy
ing caused steady advance to size, then
fell OFT 10 sic and closed for the day at 81 &c.
The other options were relatively stronger.
The receipts at eleven points aggregated
900, while the clearances from New York
aggregated $4,000, which fact helped to
steady the market. Corn ruled quiet during
most of the session, but was firmer and
closed 14@3sc higher than yesterday, the buy
ing near tue close being OH more liberal
scale. The receipts were larger, and the es
timated arrivals for Tomorrow also show some
q wAr md Sha1a
frmer. Mess pork was dull and nominal.
Lard declined 71a010c, rallied again. but
finally receded and closed at inside prices.
Short ribs declined 25@2715c and closed at
medium fgnreS.
THE QUOTATIONS..
The leading futures ranged rs follows;
Wheat-No.2, March, opened at cclosing
at 151sc; May. SO9ac, closing ut S11ac;
June, S0hc, closing at S05gc; July,
soc, closing at S03sc. Corn-No. =. March,
SIZE, closing at 3434c; May, 3959c, closing at
40c; June 4O1%c, closing at 404c:
July, 4l5sc, closing at 415sc. Oats-No. 2,
March, 235sc. closing at 24c; May, 2S7sc,
closing at zoe; June, 2S7sc closing at 20 &c
Mess pork, per barrel-March, $50 10, closing
at S20.10; May, 5000, closing at 5000; June
5000 closing at 5000. Lard, per 100 pounds
March, S7.35, closing at $7.35: May, $685.,
closing at S7.47%; June, S7.52h, closing
at $3.50. Short ribs per 100 pounds-March,
$3.50. closing at ST.S5; May, SIS, closing
at SI95; June. IS, closing at S7.971a.
Cash quotations were as follows: Flour, dull
and unchanged. Wheat-No. 2 spring, 800
T7$4c; No. spring, re; No. 2 red, nominal.
Corn-No.2 2, 3434@3714c. Oats-No.2, 24@24115c.
Rye-No.2, SAGE. Barley-No. 2, 491a@o2c.
Flax seed, No. l, S1.071a. Timothy seed, prime,
SlS40l.S5. Mess pork. per Dbl, $20.25@20.50.
Lard, per 100 lbs, S7.35. Short ribs, sides.
loose, S7.S5@7.90; dry sailed shoulders, boxed,
S6@6.25; short clear sides, boxed, SS.4O@es. 45.
Whisky, dIstillers' finished goods, per gal,
Sl.lS. Sugars, cut loaf, 6A@6Yc: granu-
ceipts-Fiour %, 900 bbls; wheat, $4,000 blu
corn, $4,000 bu: oats, $4,000 blu; barley,
$4,000 bu. Shipments-Four, $4,000 bbls;
wheat, $4,000 bu; corn. 117,00O bu: oats, 1O3,-
600 bu: rye, 1000 bu; barley, 1000 bu. On
the produce exchange to-day the butter
market was firm; creamery, 2434@31c per ID
dairy, 23927c. Eggs, 13@14c per doz.